THE following companies saw new developments that may affect trading of their securities on Wednesday (May 18):

In its 1QFY2022 ended March business update, Frencken Group announced that its earnings declined by 12.6% y-o-y to $12.8 million from $14.7 million a year ago, due mainly to a decline in gross profit margin and higher selling and distribution, administrative and general expenses amid heightened supp...

FRENCKEN Group’s net profit fell 12.6 per cent year-on-year to S$12.8 million in Q1 due to higher costs and heightened supply chain challenges in the second half of FY2021.

Rather than trying to spend heavily and compete head-to-head, smaller foundries tend to expand by focusing on chips that are technologically more mature or older. As Ling of DBS points out, there will still be demand for lower-end chips similar to those found in basic consumer electronic products. A...

As the Russia-Ukraine conflict drags on, Maybank Securities analyst Thilan Wickramasinghe sees risks of the prolonged conflict dragging Europe into a recession. As Singapore’s GDP has a sizeable 7.7% exposed to the European Union, a slowdown on the continent could have negative impact on revenues,...

RHB Group Research analyst Jarick Seet has upgraded his recommendation on the Singapore technology sector to “overweight” from “neutral”. His upgrade comes after the recent correction within the tech sector, which resulted in undemanding valuations, especially that of Singapore-listed counte...

Amid the uncertainties due to the ongoing war in Ukraine, DBS Group Research analysts Yeo Kee Yan and Janice Chua have kept their year-end Straits Times Index (STI) target of 3,550 points. The target is pegged to slightly below a 13.2x average FY2023 P/E. The way Yeo and Chua see it, the three Sin...

FOR the 5 trading sessions that spanned Mar 4 to 10, the Straits Times Index (STI) declined 0.4 per cent, with the FTSE China A50 Index falling 5.6 per cent, the Hang Seng Index dropping 6.7 per cent and the FTSE Bursa Malaysia KLCI slipping 2.2 per cent.

FOR the 5 trading sessions that spanned Mar 4 to 10, the Straits Times Index (STI) declined 0.4 per cent, with the FTSE China A50 Index falling 5.6 per cent, the Hang Seng Index dropping 6.7 per cent and the FTSE Bursa Malaysia KLCI slipping 2.2 per cent.

Analysts have taken a strong liking for Frencken Group following its results for FY2021 ended Dec 31 2021. The manufacturer’s full-year earnings grew by 38% to $58.7 million, on the back of 23.6% increase in revenue to $767.1 million. “This was in line with our expectations [and is] at 102% of o...